Press releases 2010

Statkraft has entered into a long-term power supply contract with ferrosilicon producer Finnfjord AS located in Troms, Norway. The agreement is based on the delivery of 0.7 TWh power per year starting 1 January 2010 and through to 31 December 2022.

Statkraft entered into a long-term power supply contract with Norske Skogindustrier ASA for delivery to the newsprint mill at Skogn in Nord-Trøndelag. The contract involves delivery of about 0.8 TWh power per year for the period of 1 January 2011 and through to 31 December 2022.

Today, the Government proposes to increase the equity capital in Statkraft SF with NOK 14 billion in its proposal to the Norwegian Parliament (the Storting) for balancing of the national budget for 2010.

Statkraft has decided to construct the Kargi hydropower plant in Turkey. The hydropower plant, which is planned to be completed at the end of 2013, will be Statkraft’s second plant in Turkey. With an installed capacity of 102 MW, Kargi will have an average annual generation of 467 GWh, enough to cover the electricity needs of about 150 000 Turkish homes. The investment is expected to amount to approximately EUR 250 million.

Higher spot power prices, but lower generation, yielded Statkraft an underlying* EBITDA of NOK 1745 million in the third quarter, an increase from NOK 1444 million in the corresponding period last year. However, the underlying net profit decreased to NOK 469 million, from NOK 600 million year-on-year, following lower contributions from associated companies.

Together the two run-of-river hydro power plants “La Higuera and La Confluencia” will contribute with more than 310 MW of clean energy, enough to supply more than 900 thousand Chilean households with renewable electricity.

(Oslo, 19. October 2010) – Norwegian energy company Statkraft has agreed with E.ON Sverige to acquire the remaining 33.3% of the shares in Baltic Cable AB. The company owns and operates the 600 MW HVDC-link between Trelleborg, Sweden and Lübeck, Germany.